Deal Check: 2027 Cadillac Optiq Premium Luxury

Ask the Hackrs
1

Have been looking at snagging an Optiq or similar EV for a couple of weeks now and have come across this deal. Trying to compare and determine if it’s actually decent or not. I have another local $3,000 rebate that I can’t get the dealer to provide quite yet, so I am not including it in the below.

MSRP: $60,576

Sell price: $50,576 (includes $3,500 MyFirstEV, $1,000 supplier discount, $3,500 dealer discount, $2,000 Conquest)

24/15,000

MF: .00215

RV: 68%

Acquisition: $0 listed

Doc Fee: $85

$3,500 cash down

$588.55 monthly including tax

2

In other words, no pre-incentive discount off MSRP?

3

They offered $3500 off as a “dealer discount” on the car. However, not sure if this is standard or actually a decent deal haha.

4

I believe you can push for more discount on pr lux. Btw saw 1k conquest on the Cadillac website, you may need to double check with the dealer on the oct program.

5

The reason I asked is that, without having access to the programs, this smells like leash cash rebate.

6

Ah thanks, seems that the conquest discount went down from $2,000 to $1,000 off. That’s annoying

7

What programs? I should have access to all of the ones I mentioned:

  • $3500 Myfirstev (California, so coveredh

  • $1000 supplier discount (Already have a code in my hand from a GM friend)

  • $3500 “dealer discount”: Not sure if this is something normally offered. Wasn’t mentioned to me before, however

  • $2,000 conquest/competitive cash allowance. This seems to have gone down to $1,000 today, but will check with the agent.

The $3000 additional rebate I have is only valid on cars with a cash price of $50k before taxes. It makes no mention of rebates, so waiting on getting clarity from the energy team so I can push the dealer on this. If I could get them to go under $50k, it would be doable.

8

I meant I didn’t have access to the programs. Again, your breakdown shows that you received little, if any, discount off MSRP, aside from rebates/incentives.

9

I assume you did not get the offer today? You may want to ask dealers to rerun numbers since Oct program can change.

Regarding % off msrp, 6-7% was not hard in Sep and 8-10% is doable I believe. The market can be different with the gas price hike over the last few days.

10

Got it yesterday! Was just told it wasn’t different as of now. Attaching deal sheet I was given (sorry for blurry)

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11

i would look at buying a used optiq, redeeming the pge pre owned rebate and then selling it in a few years if you actually need 15k miles

Otherwise, find another dealer or broker.
Or better yet, another car to put those miles on

12

I may be able to do 12k a year, my driving varies slightly. But trying to take full advantage of living in California while I can!

I have considered other EVs and may look at going this route as well for a used model. Supercruise was my main concern

13

That’s not a bad idea. What should be target buying price?

14

depends on the trim and area you’re in.

And your budget. I personally wouldn’t go for gm anymore from experience unless it was dirt cheap

But I do have an idea of how much optiqs have been going for this one’s it’s way too high

IMHO if you’re driving more than 10k miles a year, these days gm EVs are not worth it anymore at these prices

15

I had equinox EV high voltage battery die on me at 15k miles.

Only if they are cheap enough I would entertain.

16

Cadillac lease pricing for the luxury trim isn’t too bad. I wouldn’t consider a GM EV otherwise, coming from a Model Y. I used to own a Bolt EUV and enjoyed it at the time.

17

there really aren’t many EV options nowadays to choose from. I signed a '27 optiq premium lux awd myself yesterday, and overall pretty happy with the numbers and the car so far.

18

What were your numbers, if you don’t mind me asking? I’m looking at the same trim so want to compare and base off rebates

19

don’t have the contract in front of me, so have to go by memory, but 60k sticker and a little over 7% off before incentives, $275 in fees (NY doc/reg). Monthly is 633 for a 24/10k, DAS was 1000, which included 1st payment, doc fees and a ~100 to get the credit card rebated. Total incentives were 5,000 (2,000 conquest, 1,500 dealer cash, 500 GM CC, and 1000 GM supplier). I could probably have pushed for a bit more off MSRP, but they had the color I wanted (blue) and the GM was very transparent and easy to work with.

20

Thanks! Would love to DM you for more information if possible? Trying to gather any data points I can for negotiating, but no worries if not!